A system and method for concurrently wagering on multiple past events such as sports events that may include retrieving data about multiple events that occurred in the past that included multiple participants. The data may include information about the participants as well as pre-event rankings, and final or post-event rankings ordering the results with respect to other participants in the same event. A user may adjust the pre-event rankings or accept them as—is. The user's rankings for the participants of the events may be submitted, and a prize calculated based on the difference between the predicted rankings submitted by the user, and the final rankings of the participants based on actual past events. Various terminals, terminal configurations, and user interface aspects are also disclosed.
Legal claims defining the scope of protection, as filed with the USPTO.
6. The method of claim 1, wherein the past event data includes the odds of each participant obtaining the highest final ranking for each separate event, and wherein the predicted results are determined based on the odds value.
7. The method of claim 1, wherein the predicted results are determined by randomly assigning results for the participants of the multiple events using the processor.
12. The method of claim 1, wherein the multiple events that occurred in the past are horse races, wherein the predicted ranking is based on predicted finishing positions of horses competing in the horse races, and wherein the final ranking is based on actual finishing positions of the horses.
13. The method of claim 1, wherein the past event data includes data about horse races, and wherein the data about horse races includes a race with at least 6 horse fields, where no horses scratched from the race, where there were no dead heats, where there were no coupled entries, and where all horses finished the race.
15. The method of claim 14, wherein the probability of occurrence is identified by an arrangement of a first identifier for the corresponding final rankings and predicted rankings that match, and a second identifier for the corresponding final rankings and predicted rankings that do not match.
16. The method of claim 14, wherein the prize amount is calculated using the probability of occurrence assigned to the final outcome, and wherein a probability of occurrence that is greater than or equal to a predetermined threshold results in a non-zero prize amount.
17. The method of claim 14, wherein the prize amount is calculated using the probability of occurrence assigned to the final outcome, and wherein a probability of occurrence that is less than a predetermined threshold results in a zero prize amount.
18. The method of claim 1, wherein the input device includes a touch screen mounted in a terminal and coupled to the one or more processors, wherein at least one of the one or more processors is mounted in the terminal.
19. The method of claim 18, wherein the terminal is a personal computing device.
20. The method of claim 18, wherein the terminal includes an electronic scanning device configured to accept paper currency or a credit voucher, and wherein the electronic scanning device is configured to operate in conjunction with the input device to enter an amount to be wagered.
21. The method of claim 18, wherein the past event data is stored in an electronic storage device mounted within the terminal.
22. The method of claim 18, wherein the past event data is stored in an electronic storage device that is remote from the terminal.
23. The method of claim 22, wherein the processor is coupled to the storage device using a computer network.
24. The method of claim 1, wherein the past event data about the multiple events is selected from a database of past event data.
26. The method of claim 1, wherein the past event data includes data about at least two separate events that occurred in the past.
27. The method of claim 1, wherein the events are team competitions, wherein the participants are teams of individual competitors, wherein the predicted ranking is a predicted outcome for the team in each of the team competitions, and wherein the final ranking is the actual outcome for the teams competing in their respective team competitions.
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September 16, 2022
September 17, 2024
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